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How Easy is it to Sell my Property in Phuket, Exit Strategy?

Category : Selling | Posted On 2011-02-15 00:00:00

How Easy is it to Sell my Property in Phuket, Exit Strategy?

Formulating an exit strategy for each property you buy just takes a few minutes of careful consideration. It is essential to formulate an exit strategy before you buy property, together with a timeframe. This will influence a number of decisions that are subsequently made in relation to property investment. Selling your condominium for a profit just takes planning.

The exit strategy and timeframe should in turn influence a number of important decisions. For instance, it should influence the manner in which the sale and purchase contract is drafted with the inclusion of certain contractual clauses. For example, if the strategy is to purchase an "off-plan" property and exit the investment by selling at a profit before construction completion (speculating), the agreement must contain the relevant assignment clause that gives you the authority to transfer ownership of the asset before taking formal possession.

Knowing in advance your exit strategy will almost certainly influence the choice of ownership structure for the property.

The timeline for your exit strategy is also useful to periodically monitor the investment. For instance, a buy - hold - sell strategy for the purpose of capital appreciation might become buy - hold - rent due to an unfavorable sales environment. Another example, a buy - rent - sell strategy with a 3-year timeline might be extended to a 5 year if yields and property values are rising.

Gaining popularity is the buy-rent - retire strategy as more and more articles are published about the positive nature of retiring in the land of smiles.

Thus, it is important to formulate an exit strategy before you buy property together with a timeframe. The exit strategy and timeframe should influence a number of decisions that are subsequently made in relation to your property investment.

Call us today +66 93 606 0906 for more information on an exit strategy.

 

Phuket Realtor
David Henry
David Henry is known for his integrity, high energy and hard work which goes into every detail or your real estate transaction at Phuket Realtor. David grew up in the Boston area and started as a realtor in his 20's. With over 30 years of experience in real estate, he has now started one of the best independent real estate agencies in Thailand.

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